What is another word for going into administration?

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Noun The act or state of a business failing going bankrupt bankruptcy insolvency financial ruin going belly up Chapter 11 destitution penury impoverishment indigence beggary ruin failure destituteness receivership crash pauperdom liquidation ruination economic failure administration indebtedness disaster debt poverty pennilessness impecuniousness pauperism want privation need impecuniosity penuriousness poorness neediness hardship deficiency collapse deprivation downfall necessity checkmate scarcity deficit inadequacy decline winding up overthrow wreck loss flop nonsuccess failing washout fiasco nonperformance bomb rout breakdown mess implosion lemon bust botch closing lack mendicity insufficiency shutting down barrenness paucity straitened circumstances reduced circumstances total loss decay stalemate rupture bungle misstep frustration turkey defeat abortion misadventure stoppage loser miscarriage deterioration folding closure hand-to-mouth existence sinking unsuccessfulness distress unsuccess difficulties close-down going under business failure shortage vagrancy mendicancy dearth bad credit dire straits meagerness starvation false step faux pas sinking ship lead balloon flash in the pan humble beginnings calamity catastrophe termination devastation financial failure disadvantage embarrassment shutting famine indigency extremity default cessation of trading bottom financial distress narrow circumstances necessitousness depletion humble upbringing humble background humble origins pinch selling out scantiness sparseness Chapter Eleven extreme poverty dire poverty high credit risk bad credit rating poor credit low credit score begging wretchedness primary poverty financial loss “If I was chairman I would say we're all doomed and we're going into administration without a red cent because you all want to believe that.” Find more words! 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